Author: iHub News
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Futures Pointing To Choppy Trading Early On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following recent tech-driven weakness. A lack of major U.S. economic data may keep some traders on the sidelines as they digest the notable declines by the tech-heavy Nasdaq and the S&P…
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Nasdaq, S&P 500 Add To Yesterday’s Steep Losses
Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The major averages all finished the day firmly in negative territory. The…
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First-Time Unemployment Claims Up More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week’s revised level of 223,000. Economists had expected initial jobless…
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Tech Stocks May Regain Ground Following
The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to regain ground following yesterday’s sell-off. Traders may look to pick up tech stocks at relatively reduced levels following the steep drop on Wednesday, which saw the tech-heavy Nasdaq record its worst day since December 2022. Optimism…
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U.S. Stocks Close On Mixed Note; Dow Rises To New High, Nasdaq Tumbles
U.S. stocks turned in a mixed performance on Wednesday with geopolitical concerns and profit warning from Dutch semiconductor firm ASML (NASDAQ:ASML) rendering the mood cautious. Among the major averages, the Dow moved on to a new high, while the tech-laden Nasdaq ended sharply lower. The Dow ended with a gain of 243.60 points or 0.59…
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New Residential Construction Rebounds
The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million…
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Tech Stocks May Lead Early Pullback On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to give back ground after trending higher over the past few sessions. Tech stocks may lead an early pullback on Wall Street after a report from Bloomberg said President Joe Biden’s administration is considering tougher trade rules…
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Dow Surges To New Record Closing High On Upbeat Earnings News
Extending the upward move seen over the two previous sessions, stocks moved mostly higher during trading on Tuesday. The Dow led the charge, surging to a new record closing high. The Dow jumped 742.76 points or 1.9 percent to 40,954.48, the S&P 500 climbed 35.98 points or 0.6 percent to a new record closing high…
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U.S. Retail Sales Unchanged, Import Prices Unexpectedly Flat
With steep declines in auto and gasoline sales offset by strength in other areas, the Commerce Department released a report on Tuesday showing U.S. retail sales came in unchanged in the month of June. The Commerce Department said retail sales came in flat in June after rising by an upwardly revised 0.3 percent in May.…
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U.S. Stocks May See Further Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the gains posted in the previous session. A positive reaction to some of the latest earnings news may generate early buying interest, with shares of Bank of America (NYSE:BAC) moving notably higher in pre-market trading…